The current ratio for Teague Industries is ________.
A).85
B)1.46
C)1.84
D)2.92

Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Based on the options given, Teague Industries has a current ratio of 1.84. This means that for every $1 of current liabilities, the company has $1.84 of current assets to cover those liabilities. A current ratio of at least 1 is generally considered healthy, so Teague Industries's current ratio is a good sign.

The Current Ratio for Teague Industries Is ________